Until you’ve been underneath a fossilised rock, you’ve heard about Mike Cannon-Brookes’ and the Canadian funding fund, Brookfield’s takeover bid for AGL.
Would like to be a fly on the wall at AGL’s subsequent shareholder assembly after they clarify why they knocked again a suggestion that represented a 20% premium and averted a “doubtlessly worth damaging” demerger.
Though the primary provide was knocked again, I’ve a sense this could possibly be pitch theatre and all a part of the gross sales course of.
Regardless of how that deal goes the solar is setting on the fossil gas trade. The remaining two of the large three power firms, Origin Vitality and EnergyAustralia are additionally closing down their coal-fired vegetation years forward of schedule.
This jogs my memory of one other keystone second to grab the long run or fade into antiquity.
Twenty-two years in the past, John Antioco, the then CEO of Blockbuster struggled to not chuckle on the founding father of Netflix, Marc Randolph, when he provided to promote him the corporate for $50M.
Immediately Netflix has a market cap of $173.71 billion.
Don’t be John!
One trade that’s exhibiting no indicators of slowing, is Local weather Tech. The info is in, Local weather Tech continues to burn sizzling!
You might have seen The International Local weather Tech Enterprise Report by our pals at HolonIQ with funding greater than doubling pre-pandemic ranges with $37 billion in 2021, accelerating startups and creating 45 Local weather Tech Unicorns.
The Local weather Salad neighborhood of local weather tech founders, buyers, mentors and supporters has additionally greater than doubled. Since December our neighborhood has swelled by way of neighborhood, clients, groups and funding, it’s staggering, encouraging and the entire thing makes me proud as punch.
From a current pattern survey, on common every member is seeking to make 22.5 new hires this 12 months – that’s over 3,000 jobs in Local weather Tech throughout Australia and New Zealand shaping the way forward for our financial system.
When it comes to funding, from what we are able to announce – FloodMapp raised $8.4 million of their seed spherical to assist catapult them into the US, Gridcognition, winners of our Newcomer award, raised $4 million, World’s Greatest Storage Sale and Ladies In Local weather Tech for 2021 Yas Grigaliunas introduced Officeworks taking a majority stake in it’s newest cap elevate and Accurassi introduced a $2M funding of their power expertise platform, carbon offsetting subscription service, Hint has raised $1.5 million and Cecil raised $2.2M to grow to be the worldwide platform for pure capital.
For those who’d like to affix Australia and New Zealand’s largest and main Local weather Tech neighborhood, please get in contact at climatesalad.com/be part of
